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Business News/Industry/ Infotech

Infotech News

In 2023, India's exports of software and related services amounted to $193bn, with half going to America.

AI and globalisation are shaking up software developers’ world

6 min read . 30 Sep 2024

Accenture ended FY24 (it follows a Sep-August fiscal) with $64.9 billion in revenue, a 1% growth, and increased its revenue growth forecast for FY25 to 3-6%, almost double the previous forecast. (Mint)

Mint Primer | Accenture’s gain: Will it ripple into Indian IT firms?

2 min read . 30 Sep 2024

Senapathy ‘Kris’ Gopalakrishnan, co-founder of Infosys, and chairman of Axilor Ventures, a seed fund. (Mint )

IT sector has survived many tech transitions: Kris Gopalakrishnan on AI's impact

5 min read . 28 Aug 2024

Since the launch of ChatGPT in November 2022, Gen AI has gained global attention for its content creation capabilities. (Image Pixabay)

Gen AI pushes global firms to pour money into hardware upgrades

4 min read . 16 Aug 2024

The delay comes on the back of a sharp fall in headcount in FY24 of the top four firms.

From Wipro to LTIMindtree, IT employees irked by another delay in salary hikes

5 min read . 01 Aug 2024

Spending on Generative AI (GenAI) is yet to pick up, delaying recovery for the sector.

Mint Primer | IT services: When will the tide turn?

2 min read . 25 Jul 2024

Airline employees wait by a departure monitor displaying the ’blue screen of death‘ at Newark airport on Friday following the global tech outage. (Airline employees wait by a departure monitor displaying the ’blue screen of death‘ at Newark airport on Friday following the global tech outage. reuters)

Tech blackouts and the need for total protection

2 min read . 22 Jul 2024

The evolution and adoption of technologies like 5G, IoT and artificial intelligence is anticipated to keep the demand for data storage and processing capacity at elevated levels, thereby boosting the need for data centres.

Sizing up India's listed data centre plays: What to expect from Budget 2024

6 min read . 17 Jul 2024

Industry analysts that Mint spoke to concurred that while it is still early days for AI in consumer devices, smartphone makers are likely to struggle to convince Indian buyers. ( )

Indians aren’t paying more just for AI in phones, but laptops may hold key

4 min read . 16 Jul 2024

The country’s $254 billion IT services sector reported the weakest-ever dollar revenue growth of 3.8% in FY24, according to industry body Nasscom. (Photo: Mint)

Why office space is shrinking at Cognizant, Infosys and Wipro

4 min read . 19 Jun 2024

In its second term, the BJP government allotted a nearly $10-billion incentive package for semiconductor projects by the Tatas, Micron and others. (Image: Pixabay)

Decoding the new government's tech agenda: What lies next, in five charts

4 min read . 09 Jun 2024

IT sector's median revenue growth in the fourth quarter of FY24 was 0.7% sequentially in constant currency (CC) terms. (Image: Pixabay)

IT sector FY25 outlook: Uncertain macros to weigh on revenue growth

3 min read . 11 May 2024

Business services are critical to India’s economy. The sector employs 5m people, or less than 1% of Indian workers, but contributes 7% of GDP and nearly a quarter of total exports. (File Photo)

Will chatbots eat India’s IT industry?

4 min read . 11 May 2024

According to a Mint analysis, the overall share of women at TCS, Infosys, Wipro and HCL Technologies remained unchanged at 35.5% as of 31 March, from 35.6% a year ago. Photo: Hemant Mishra/Mint

IT firms must renew efforts to boost women's representation, experts say

3 min read . 09 May 2024

Tech Mahindra was almost single-handedly responsible for the 3% decline telecom revenue at the top five IT firms in FY24, having lost $320 million or 12.1% in annual revenue from telecom clients. Photo: Reuters

Telcos hanging up on tech spending will hurt IT firms

4 min read . 09 May 2024

The three cloud giants together added $2 billion in sequential incremental revenue in the March quarter.

The cloud is building; will TCS, Infosys, Wipro get showers of joy?

4 min read . 08 May 2024

Gartner expects Indian IT services revenue to grow by around 10% this year (Photo: iStock)

Mint Primer | Let the good times roll: IT services eye a better future

2 min read . 22 Apr 2024

After lingering around 18.0-19.0x for most of 2021, the median revenue multiple started its rapid decline in early 2022. It had declined to 6.7x by the beginning of 2023, rebounded to 7.8x at the end of the first half of 2023 and fell again in Q4 of 2023 to 7.2x.

Why investors are wary of SaaS startups, apart from rock-bottom valuations

2 min read . 06 Apr 2024

The number of job offers in the sector in December 2023 declined 21% over December 2022 and 4% over September 2023, according to jobs platform Naukri.com. (Image: Pixabay)

IT hiring will return, but with a difference

3 min read . 21 Feb 2024

Mint had reported that laptop shipments were set to decline in 2023, driven by fewer government contracts, slow tech spending among enterprises, as well as weak consumer demand for new PCs. (Reuters)

Laptop, tablet shipments in India fall amid weak enterprise demand

2 min read . 21 Feb 2024

Infotech Stocks

HCL Technologies

₹1,776.40.27%

₹1,893.11.33%

₹6,183.65-1.11%

Tata Consultancy Services

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₹529.90.68%

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